The only investing I do is long term with my roth 401k and roth IRA; I don't buy stocks cause I just don't have knowledge on any of this, but it has been very interesting to watch from the sidelines. I hope you all made lots of $ this week.
2021 Stock Market
- Thread starter Mtowncyclone13
- Start date
Yea, FT already issued a retraction after the @wsbmod Twitter account called them out.
This is your reminder that only one person went to jail in the US for market manipulation during the entire fallout of the 2008 financial crisis.
Nobody at Wall Street loses.
You don't need to bring DJT (or any other political figures) into this to make your point that this is yet another example of popular sentiments against elite institutions in our society, with the federal government obviously being one but also large corporations, universities, legacy media organizations, Big Tech, and, of course, Wall Street. Of course, the way these institutions are reacting to the legitimate grievances against them is to plug their ears and chant "nothing to see here!" before defaulting to calling their opponents various types of bigoted (though not without reason there, either).
While that sociological conversation is interesting, I think the immediate financial issues here are obvious. A bunch of retail investors are making small fortunes off the really large fortunes of a couple of dumb hedge funds that got greedy and now they're paying for it. I would imagine those individual retail investors are going to do the things they typically do with their money, like paying down debt or loans, buying cars, taking care of bills, or plowing it back in.
One side bet well. The other chose poorly.
WSB doesn't exist without Robinhood.
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Based on my CALLS current price, looks like a lot of selling? I am unable to pull up a chart to view whats going on.
Logical question and rhetorical, if they are letting people sell their stock to close it out, who is buying it? You can't have a seller without a buyer.
I'm leaving Robinhood. Screw these guys, I hope a class action bury's them.
These companies have no idea how much power millions of angry people have when they are all pursuing the same goal. Think of Iowa State fans banding together to dominate an online voting poll, then multiply it by 1,000.
The Peasants' Revolt, also named Wat Tyler's Rebellion or the Great Rising, was a major uprising across large parts of England in 1381. The revolt had various causes, including the socio-economic and political tensions generated by the Black Death pandemic in the 1340s, the high taxes resulting from the conflict with France during the Hundred Years' War, and instability within the local leadership of London. The final trigger for the revolt was the intervention of a royal official, John Bampton, in Essex on 30 May 1381. His attempts to collect unpaid poll taxes in Brentwood ended in a violent confrontation, which rapidly spread across the south-east of the country. A wide spectrum of rural society, including many local artisans and village officials, rose up in protest, burning court records and opening the local gaols. The rebels sought a reduction in taxation, an end to the system of unfree labour known as serfdom, and the removal of the King's senior officials and law courts.
Probably because of that magical 420.69 number
What is the long-term goal of the angry people? Instability in the market. Because generally instability in the marketplace ends up having a significant negative impact on the everyday man.
I have a co-worker yesterday who makes $55K-$60K a year. She is in her late 40's and her 401K dipped nearly $12,000 in a freaking day because of the instability this **** is causing in the market. There is always collateral damage beyond the people that this group is aiming for.
